Lionsgate has promoted Kristine Klimczak to executive vice president and assistant treasurer, where she will oversee the company’s global cash financial planning and debt management. The studio also named Kate Davies to fill Klimczak’s former position as senior vice president of accounting and finance.

In her new role as assistant treasurer, Klimczak will report to Lionsgate Chief Financial Officer Jimmy Barge. She will also oversee certain operational accounting and worldwide cash management functions under Chief Accounting Officer Rick Prell.

Davies, who previously served as a consultant for Lionsgate, worked with Klimczak on the implementation of the Lionsgate’s expense reporting system and accounting initiatives. She will manage procure to pay automation initiatives and day-to-day accounting operations.

Klimczak joined Lionsgate in 2005 after working in finance and accounting positions for several technology and entertainment companies. Davies worked in the information technology at Sony Pictures Entertainment for more than a decade before coming aboard at Lionsgate.

“Kristine is an astute finance executive and skilled strategist who has positioned our finance operations to keep pace with Lionsgate’s continued growth into a multibillion dollar global content leader,” Barge and Prell said in a statement. “Combining her expertise with Kate’s track record in efficient systems management, our finance team is better positioned than ever to meet the needs of Lionsgate’s capital structure and expanding operations around the world.”